glencore tampakan year

Philippines: Glencore quits the Tampakan Project

Glencore to exit Tampakan project. By Claire-Ann M. C. Feliciano, Senior Reporter. Business World Online.com. 24 June 2015. ANGLO-SWISS miner Glencore Xstrata plc has moved to divest from the long-delayed $5.9-billion Tampakan gold-copper project in central Mindanao, which has been touted as potentially the largest foreign direct investment in the country to date.

Glencore Xstrata unit slashes funding for its Tampakan ...

Sagittarius Mines Inc, a unit of Glencore Xstrata (LON:GLEN), announced it is cutting the budget for its $5.9 billion Tampakan copper-gold project in the Philippines, considered one of the largest ...

AT A GLANCE: Glencore's coking coal production in Q3 up 32 ...

2 AT A GLANCE: Glencore's coking coal production in Q3 up 32% year on year. A summary of Glencore's 2021 third-quarter production report for the coal sector, released on Friday October 29. The company's coal production for the year to September 30 was 76.3 million tonnes, some 7.2 million tonnes (9%) lower than the comparable period in 2020 ...

GLEN: Glencore PLC Stock Price Quote - London - Bloomberg

Stock analysis for Glencore PLC (GLEN:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile.

Glencore Xstrata seeks exit from Philippines copper ...

The disposal of Tampakan would be more proof of Glencore's reluctance to embark on building many of the mine projects that it inherited with its takeover last year of Xstrata, a deal that ...

Glencore Sells 3 Mining Properties | E & MJ

Glencore sold its interests in the Tampakan copper-gold project, the Falcondo ferronickel operation and the Sipilou nickel project for a total consideration of $290 million. The assets were inherited from Xstrata following the 2013 takeover. Located in the southern Philippines, the Tampakan project is considered one of the world's largest undeveloped large-scale, long-life copper projects.

Glencore to divest Tampakan stake | Philstar.com

Glencore Xstrata considers the Tampakan project as a greenfield project as it is not yet in the production stage. ... The Tampakan project, which has an intial 17-year mine life, has a start-up ...

Glencore exits Tampakan project | Philstar.com

August 16, 2015 | 10:00am. MANILA, Philippines - Global commodities trader Glencore Plc has completely pulled out of the Tampakan copper …

NCIP allows Tampakan mining project in ancestral domain ...

10-year struggle. Bae Dalena Samling, chieftain of the Danlag Tribal Council in Tampakan, posted a copy of the CP on her Facebook wall on Oct. 22, along with a photo of herself, Capuyan and two ...

Glencore exit from Tampakan project a victory for the ...

In a June 24 statement, Glencore said it had signed a share sale agreement with an affiliate of the Australian company, Indophil Resources-NL, for the sale of its remaining interest in the Tampakan project. In January this year, Glencore had divested part of its share to Alsons Prime Investments Corporation.

BRIEF-Glencore announces stake sale in Sagittarius mines ...

* Sale of stake Sagittarius Mines & Tampakan project * Subsidiary of Glencore today executed a share sale agreement with an affiliate of Indophil for sale of its entire remaining interest in ...

Glencore-Xstrata selling Tampakan stake

Glencore plans to divest from the Tampakan project to appease China's fears it is getting monopoly of the world copper market. ... Last year, SMI cut down its operations, retrenching over 920 ...

Glencore Sells Three Properties | E & MJ

Glencore sold its interests in the Tampakan copper-gold project, Falcondo ferronickel operation and Sipilou nickel project for $290 million. The assets were inherited from Xstrata following the 2013 takeover. Located in the southern Philippines, the Tampakan project is considered one of the world's largest undeveloped large-scale, long-life copper projects.

Tampakan Copper and Gold Mine project Philippines

"Glencore "has completed the sale of the Tampakan copper project," it said in a statement dated Aug. 14 and posted on its Website. The buyer was an affiliate of Indophil Resources NL, a miner previously listed in Australia until its takeover this year by the Philippines' Alsons Group." Bishops seek stop to Tampakan mining in southern Philippines

Philippines: Indigenous Oppose Tampakan Copper And Gold ...

Discovered in 1992, the Tampakan project is operated by Sagittarius Mines Inc. (SMI), in which a 40 per cent controlling equity is a joint venture between Indophil (37.5 percent) and project manager Glencore (formerly Glencore Xtrata – 62.5 percent).

OP restores ECC for $5.9-B Tampakan project - Manila Bulletin

OP restores ECC for $5.9-B Tampakan project. The "700-football field open-pit mine" in Tampakan, South Cotabato that former Environment Secretary and late Regina Paz Lopez tried to stop already got back its environmental clearance, thanks to the Office of the President (OP). Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said ...

'People's victory' | Environmentalists hail exit of mining ...

Glencore's exit from the Philippines | War on Want

Glencore has sold its shares of the gold-copper Tampakan mine after about five years of facing a ban on open-pit mining in the Philippines.. The mining operations have faced strong opposition from the people because environmental degradation and human rights violations. War on Want's documentary "Stop Glencore's deadly mine" exposed the impact on communities at this year's Glencore ...

Glencore plc: Violent Conflict with Indigenous Groups in ...

Update June 2015: Glencore has completed the sale of its shares in Sagittarius Mines, the owner of the Tampakan Project. Their stake of 62.5% was aquired by the Alcantara group, which controls Indophil Resources NL. Indophil already held the remaining 37.5%. Several conditions had to be met before the sale on June 30.

Glencore-Xstrata selling Tampakan stake

Glencore-Xstrata selling Tampakan stake. Glencore plans to divest from the Tampakan project to appease China's fears it is getting monopoly of the world copper market ... Last year…

Sales of Tampakan, Falcondo and Sipilou - Glencore

Sales of Tampakan, Falcondo and Sipilou. Baar, Switzerland, 14 August 2015. Glencore confirms that it has completed the sale of the Tampakan copper project. Glencore has also sold its stakes in the Falcondo nickel operation and Sipilou nickel project. The assets were inherited from Xstrata following the completion of the takeover in May 2013.

Glencore's trading arm on course for another record year ...

Glencore is set for another year of bumper profits from its trading arm on the back of strong demand for raw materials as economies rev up after the pandemic crash. In a third-quarter production ...

Glencore expects trading division to beat 2021 guidance

JOHANNESBURG (Reuters) -Miner and trader Glencore on Friday said it expects 2021 earnings before interest and tax (EBIT) for its trading division to …

Tampakan Project, Philippines: background

commitments are upheld by the Glencore Xstrata Code of Conduct. The Tampakan Project is operated by the Philippine-based affiliate Sagittarius Mines, Inc. (SMI), whose 40% controlling equity is a joint venture among Glencore Xstrata (62.5%) and Indophil Resources NL (37.5%). The 60% non-controlling equity shareholders of SMI are the Tampakan

Glencore Xstrata wants out of Philippine copper-gold ...

Glencore slashed funding for the $5.9 billion Tampakan project in August last year. Approximately 1,000 employees and contractors were made redundant by the move. Approximately 1,000 employees and ...

Sale of Glencore Stake in Sagittarius Mines Inc and ...

24 June, 2015. Following Glencore plc's ("Glencore") disposal of its shares in Indophil Resources NL ("Indophil"), a subsidiary of Glencore today executed a share sale agreement ("SSA") with an affiliate of Indophil for the sale of its entire remaining interest in the Tampakan Project in the Philippines ("Tampakan"). Download full ...

Exclusive: Tampakan, other giant mines could strike gold ...

The company holds full economic control of the miner after the Alcantara group bought out Anglo-Swiss commodity trading giant Glencore plc in 2015, according to SMI's website.

Tampakan stakeholders in talks | Inquirer Business

IndoPhil Resources NL of Australia is in a "range of discussions" with Glencore Xstrata regarding the Anglo-Swiss firm's majority stake in the $5.9-billion Tampakan copper-gold project in ...

BankTrack – Tampakan Copper and Gold Mine project

Alcantaras acquire Tampakan project | Inquirer Business

Glencore owned 62.5 percent of Sagittarius Mines Inc., the owner of the Tampakan project, while the remaining 37.5 percent was owned by Indophil, which is …

Glencore sells stakes in copper, nickel mines for $290 ...

Tampakan alone is expected to require about $5.9 billion in capital, analysts say. Shares in Glencore had fallen nearly 1 percent to 175.15 pence to trade at record lows on the London Stock ...

Philippines: Global action around Glencore's Tampakan Mine

The planned divestment from Las Bambas comes after Glencore late last year announced the sale of its Frieda River Copper-Gold Project in Papua New Guineau to Australia-based PanAust Ltd. The MOFCOM condition calls for the divestment by Glencore from "greenfield" projects, of which the Tampakan is the company's biggest.

Tampakan mine stalls until 2019 - PNG Report

Tampakan is on the southern Philippine island of Mindanao in the province of South Cotabato, roughly 40km north of General Santos city. The site represents one of the largest undeveloped copper-gold deposits in the Southeast Asia-Western Pacific region, containing 15 million tonnes of copper and 17.6 million ounces of gold at a 0.2% cut-off grade.